“Today, white-collar job insecurity is no longer a function of the business cycle--rising as the stock market falls and declining again when the numbers improve. Nor is it confined to a few volatile sectors like telecommunications or technology, or a few regions like the rust belt or Silicon Valley. The economy may be looking up, the company may be raking in cash, and still the layoffs continue, like a perverse form of natural selection, weeding out the talented and successful as well as the mediocre. Since the midnineties, this perpetual winnowing process has been institutionalized under various euphemisms such as "downsizing," "right-sizing," "smart-sizing," "restructuring," and "de-layering"—to which we can now add the outsourcing of white-collar functions to cheaper labor markets overseas.”
Quote by Barbara Ehrenreich
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Bait and Switch: The (Futile) Pursuit of the American Dream
This book delves into the complexities of the American Dream, highlighting the tactics employed by companies to lure customers with promises of a better life, only to deliver subpar products or services. The author analyzes the psychological and economic impacts of these practices on individuals and society as a whole. more
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